Ethereum

Solana

Arbitrum

Flash

<p>According to @SolanaFloor, <a href="https://twitter.com/SolanaFloor/status/1735972500230807818?t=S1kb_eQcz0-LL5i5Es_sqQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Solana recently</a> hit a significant 18-month high by reaching 1 million in active wallets over just 24 hours. This represents a massive gain of over 300,000 new wallets, demonstrating tremendous growth in network usage and adoption.</p>
<p>As noted by <a href="https://twitter.com/Trader_CSK/status/1735901873398255899?t=SmPCLgwlpYySDJE5f7EqKA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">trader @Trader_CSK,</a> this surge follows immense capitulation and a reset of the Solana ecosystem. From those lows, Solana has already appreciated over 900%, but the real FOMO may just be beginning according to CSK.</p>
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<p><strong>Rising Important Fundamentals</strong></p>
<p>In another recent tweet, on-chain analyst @slicedatcherry pointed out Solana’s monthly DEX trading volume broke $6 billion as decentralized finance TVL rebounded past $1 billion.</p>
<p>Moreover, Solana’s NFT sales volume exceeded $13 million, surpassing activity on Ethereum. Overall DEX volume also overtook rival layer-1 Arbitrum over the same 24-hour timeframe.</p>
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<p><strong>Ecosystem Momentum Accelerating</strong></p>
<p>These metrics underscore rapidly expanding utility and demand across major components of Web3 like DEXs, DeFi, and NFTs on Solana. The technical milestones and growth metrics make a compelling case for the increasing bullish momentum.</p>
<p>With Solana decisively breaking into new yearly highs, analysts speculate this run could mark a macro trend continuation for SOL. Compared to alternatives, on-chain activity and technicals support the bull case for Solana potentially sustaining its intense breakout. The foundations seem firmly laid for testing new 2023 highs.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-on-chain-metrics-flash-bullish-signals-as-sol-network-outpaces-rivals-ethereum-and-arbitrum/" rel="noopener noreferrer nofollow">Solana On-Chain Metrics Flash Bullish Signals as SOL Network Outpaces Rivals Ethereum and Arbitrum</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana On-Chain Metrics Flash Bullish Signals as SOL Network Outpaces Rivals Ethereum and Arbitrum

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